Employers (NYSE:EIG) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Employers (NYSE:EIG) released its quarterly earnings data on Thursday. The financial services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.07, Zacks reports. Employers had a return on equity of 9.78% and a net margin of 15.27%.

Employers Stock Performance

Shares of NYSE:EIG traded down $0.20 during midday trading on Thursday, reaching $48.86. The company’s stock had a trading volume of 87,058 shares, compared to its average volume of 125,105. Employers has a fifty-two week low of $38.67 and a fifty-two week high of $54.44. The firm has a 50 day moving average price of $49.86 and a two-hundred day moving average price of $49.37. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.15 and a beta of 0.27.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial lifted their target price on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

About Employers

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers’ compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.